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Business center in the City, London

29,164,000 £
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Total area: 2,567 m² Yield: 5.0%
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Features
  • 6-floor building
  • Percentage of the rented area: 1%
  • Most recent total renovation: 2013

We offer you a full service business center with offices and retail space, an area of 2567.9 square meters in the City — one of the main business areas of the world.

Advantages

  • Attractive yield of 5%
  • Full unlimited right of ownership
  • Strategic location in the heart of London

Description

The building of 3 adjacent buildings, built in the XIX century. Behind the elegant façade, high-tech offices Class A, the total area of 2470 square meters and a separate commercial premises (97.9 square meters).

The building consists of a basement, ground level and 6 main floors. The object is fully renovated and expanded significantly in 2013

Subject to VAT.

Rental income

Most of the offices leased to large IT company, for 15 years, with the revision of rental rates every 5 years. Current rents for the use of office space, is 1,655,316 €/year, ie 670,52 € per m²/ year.

On commercial premises falls 5.8% of total revenue. Rented until April 15, 2024 The current rent is 101865,6 €/year, ie 1040,86 € per m²/ g.

Thus, the sum of the total lease payments amounts to 1757181,6 €/g., Ie 684,77 € per m²/ g.

Accepted an offer to purchase, with the unconditional acceptance of the contract, at a price in excess of 33,106,320 €, which provides an attractive initial yield of 5% (taking into account the costs for the buyer 5.8%).

Location

The facility is located in the sought after area of London. Near the house there are City of London Corporation, the Bank of England, the building of the London Stock Exchange, City Hall — Guildhall, w/ d station Liverpool Street and Moorgate station.

In the area of being a major transformation due to large-scale construction London Wall Place — new office buildings surrounded by gardens, parkland and river crossing from the station. Moorgate underground to speed w/ d Crossrail — major infrastructure projects in Europe.

Location and nearby objects

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Supermarkets
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Schools
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Cafe and restaurants
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Hospitals
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Airports
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Enquire about this business centre
Anna Kurianovich
Anna Kurianovich
Investment Consultant
+44 20 3608 1267
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    • Bank financing from 2% annually
    • Construction site audits
    • Management company services